REH is back to a more normal valuation. Though hopefully the US expansion will not become one of those ill fated forays that Australian companies make overseas. Though it should be noted management are on a level above most other companies who have attempted the overseas expansion.
The 30 year loan rate on a new house build in the US is up around 6% now (in November 21 it was 3%). There will definitely be a downturn in US housing. How big it is and how much it impacts REH is the question? For now I have chosen to do nothing, my default position when in doubt.
PS although I sold out around $25 (as posted in HC forum) unfortunately I reinvested the money in a SP500 index fund. So I have only lost 20% of my money instead of half. The smarter option would have been to keep the money in cash as some other posters on this thread did after selling.
- Forums
- ASX - By Stock
- REH
- Ann: HY21 Investor Presentation
Ann: HY21 Investor Presentation, page-83
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add REH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$24.31 |
Change
-0.190(0.78%) |
Mkt cap ! $15.70B |
Open | High | Low | Value | Volume |
$24.48 | $24.48 | $24.14 | $5.331M | 219.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4383 | $24.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$24.34 | 1247 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 24.140 |
2 | 415 | 24.000 |
1 | 5 | 23.500 |
1 | 42 | 23.460 |
3 | 743 | 23.080 |
Price($) | Vol. | No. |
---|---|---|
24.500 | 61 | 1 |
25.000 | 249 | 1 |
25.200 | 2579 | 2 |
26.300 | 110 | 1 |
26.600 | 500 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
REH (ASX) Chart |